The long-run labor demand curve is:
A. more elastic than the short-run labor demand curve.
B. less elastic than the short-run labor demand curve.
C. either more or less elastic than the short-run labor demand curve.
D. perfectly elastic (horizontal).
Answer: A
You might also like to view...
Since the late 1990s, to prevent the yuan from appreciating against the U.S. dollar, the Chinese central bank
A. has purchased Chinese government bonds. B. has been trying to hold euros and British pounds as foreign assets. C. has been buying dollars and selling yuan in the foreign exchange market. D. has been selling foreign assets to replenish its dollar reserves.
________ of unemployment during ________ make it easier for workers to ________ wages
A) High levels; a recession; accept lower B) Low levels; an expansion; accept lower C) Low levels; a recession; negotiate higher D) High levels; an expansion; negotiate higher
The statement "An increase in the price of gasoline will lead to a decrease in the amount purchased" is
A) a political statement. B) a positive statement. C) a normative statement. D) a scientific statement.
Refer to Table 9-12. Prior to trade, what was the opportunity cost to produce 1 sword in Estonia?
A) 1/3 of a belt B) 3/5 of a belt C) 1.67 belts D) 3 belts